US January PCE core inflation 4.7% vs 4.3% expected. | Forexlive

• YoY core inflation 4.4% prior revised up to 4.6%
• MoM core inflation 0.3% prior revised to 0.4%
• Core PCE MoM 0.6% versus 0.4% expected. Last month 0.4% revised up from 0.3%
• Core PCE YoY 4.7% versus 4.3%.
• Personal income 0.6% versus 1.0% expected. Last month 0.3% revised up from 0.2%
• personal consumption real 1.1% versus -0.3% last month
• personal consumption adjusted 1.8% versus 1.3% expected. Last month -0.1% versus -0.2% previously reported

Hotter inflation in the US sends stocks to the downside.

• Dow down -330 points.
• NASDAQ down -169 points.
• US yields are moving higher with the two-year up 6.3 basis points to 4.755%.
• The 10 year yield is up 4.7 basis points to 3.97%

In the forex, the USD has moved to new highs against all the major currencies.